Eurozone returns to growth in Q2

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The eurozone returned to economic growth in the second quarter of the year, according to early estimates published today (August 17) by Eurostat.

The region’s GDP increased by 2% quarter on quarter, following a 1.3% decline in the first quarter of 2021. Compared with the second quarter of 2020, the block’s GDP has expanded by 13.6%.

By way of comparison, the US economy increased quarter on quarter by 1.6% between April and June 2021, following a 1.5% increase in the first quarter of the year

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